As the world grapples with the challenges of sustainable and clean energy production, one element stands out for its potential: uranium. Known primarily as the fuel for nuclear power plants, uranium offers a compelling investment case, particularly for forward-thinking Canadian investors.
Canadian investors are uniquely positioned to tap into this opportunity, thanks to the country’s rich uranium resources and high-profile companies like Cameco ( TSX:CCO ), which currently possesses the capacity to produce more than 30 million pounds of uranium concentrate along with holding 469 million pounds of reserves.
However, Cameco is still just a single stock. Despite being flush with $2.47 billion in cash as of the most recent quarter along with strong year-over-year revenue growth, I’d be hesitant to bet a uranium-centered investment thesis solely on its back. We need some alternatives for greater diversification .
Fortunately, I have just the solution in the form of two uranium-focused exchange-traded funds […]
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